Monday, November 7, 2016

Indices UP 1.99% to 2.35%....NICE !!!!

Indices are sharply higher & @ high of the day, on clarity of US election. Indices were deeply oversold and were due for a major reversal. Oil is slightly higher.

S&P 500 @ 2128.98, high 2129.49, low 2100.59

Internals are positive by 5 to 1 in NYSE & 4 to 1 in Nasdaq

Oil UP 43 cents

Gold Down $23.70

Canadian $ UP 32 tick @ .6630

VIX Down 16.66% @ 18.76

Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX

Most stocks are UP

@ 2.03 following are red :

TWLO VRX QRVO ABX LULU NTNX KGC AEM.....

Before open on Tuesday, VRX is reporting, here are the expectations:

Sales $2.49 billion, EPS $1.75

Guidance next Q Sales $2.61 billion, EPS $2.04

There is a strong speculation, that VRX will guide down, IF
that does not happen.....it will move sharply higher.....

BLOG does NOT give buy or sell.

Saleem



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